As such, I am changing my short-term inflation mood in the upper left hand corner of my blog to show my deflationary bias. That doesn't mean that I think oil can't make it to $100. Who knows? I don't think it will stay there if it does though, any more than it could stay at $140 the last time.

This oil dumping move might actually change my opinion going forward.

In just the last few years we've seen an extreme oil price of $145 and another extreme of $30. The average is roughly $88 which is right where we are now.

With unemployment where it currently is, heaven help us all if $88 is a fair value going forward. In nearly the words of Yoda, "Much pain coming there may be. Hmmmmmm."

Disclaimer

I am not a financial advisor. I am not offering investment advice. Although I have attempted to provide accurate information, that's all it is, an attempt. Please do not trust the opinions, numbers, and/or charts of a random anonymous blogger on the Internet. Make your own opinions. Make your own charts. Do your own due diligence. Thank you.